Vol. 4 No. 4 (2023)

Abstract

This paper was conducted to analyze Acceptance and Use of Internet Services for The Preparation of Financial Reports using UTAUT. Data collected using questionnaires then tested using Partial Least Square (PLS). The research sample is 147 respondents. Examination results showing performances expectancies, Social influences, Effort expectancies give positive significant impacts towards behaviorals intention. Furthermore, Performance expectancies, Effort expectancies, Behavioral intention positively and significantly affect use behavior. Actual experience can strengthen the effect of performance expectancies on behavioral intention but cannot strengthen social influences towards behavioral intention. Finally, actual experience can not strengthen the influence of effort expectancies towards behavioral intention.

Abstract

This study aims to examine the strength of retirement wealth as a predictor variable for the formation of attitudes towards retirement and career adaptability as a mediation in the relationship between the two. The facts prove that a large part of the population perceives retirement negatively due to the inability to provide adequate retirement wealth. To overcome this condition, a mediating variable is needed, such as career adaptability, because this variable has succeeded in strengthening the positive attitude of workers in overcoming various obstacles and changes throughout their career, but their role has not been tested in forming attitudes towards retirement. To prove the truth of the four hypotheses proposed, researchers involved a sample of 257 respondents consisting of 185 women and 72 men. They are health nurses who work in various private hospitals in the city of Pontianak with an age range of 40 to. 59 years. Data collection was carried out using the snowball sampling technique and processed using WarpPls version 6 software. The results of data processing prove that retirement wealth and career adaptability are positive and significant predictor variables for the formation of a positive attitude towards retirement. If the strength of the role of the two variables is compared, then the role of career adaptability as a predictor variable is even greater than the role of retirement wealth in shaping attitudes towards retirement. For the career adaptability variable, apart from being a predictor variable it is also a positive and significant mediating variable in the role of retirement wealth in the formation of positive attitudes towards retirement. The researcher suggests that every worker should continue to increase their retirement wealth and career adaptability, because these two variables are proven to be important for establishing a positive attitude towards retirement.

JEL: J26 Retirement • Retirement Policies

Abstract

As the second largest city in Indonesia, Surabaya deals with various problems, one of which is about poverty.  It will lead to other problems, such as environmental problems, especially in the field of environmental health, clean water. The volume of household waste in Surabaya City which reaches 8-9 thousand tons/m3 also exacerbates environmental and environmental health problems.   This study aims to analyze the influence of Low-Income Communities (LIC) on Clean Living Behavior (CLB) and Waste Management, the influence of Clean-Living Behavior (CLB) on Environmental Health and the influence of Waste on Environmental Health. This type of research is descriptive quantitative. The source of research data used secondary data obtained from several data sources with a target of 154 urban villages in the Surabaya city. Data collection techniques were carried out using Field Research techniques. The research method employed the AMOS SEM method. The results of the study revealed that Low-Income Communities have a significant influence on the variables of Clean-Living Behavior and Waste in the Surabaya Community.    Meanwhile, Clean Living Behavior and Waste do not have a significant influence on Environmental Health variables in the people of Surabaya.

Abstract

The study goal is to examine changes in trading activity and stock prices both before and after omnibus law on job creation Law dividend tax policy went into effect. The approach adopted in this study is an event study with matched samples from various tests. The consumer goods industry sector companies in the JII index listed on the IDX before and after announcement of the dividend tax policy are the research population. According to the research, there is a substantial difference between the periods before and after the introduction of the dividend tax policy on omnibus law in the variable stock trading volume, but not for variable share price. In order to provide investors with a guide when making investments in the nation, this study looks at and analyzes both long- and short-term changes in trading volume and stock prices before and after introduction of the dividend tax policy.

Abstract

This studi aims the workload level that employees have in the Marketing Department and improvement department at PT. XYZ  , measurements were carried out using the SWAT (Subjective Workload Assessment Technique) and SOFI (Swedish Occupational Fatigue Inventory) methods by recognizing the level of employee workload, because the large amount of heavy workload will have an impact on work stress. Therefore, it is important to concern the related aspects so that the employees can produce an optimal output. The Repair Department employees have the highest workload value, that is in the fourth activity, namely checking vehicles which has a value of 70%. Based on the results of data processing in ten respondents of Marketing Department employees, it can be concluded that the Mental workload in the medium category is 100%. Meanwhile, the highest dimension with an average value of 3,97, namely Lack of Energy. Then, Physical Activity (Physical Exertion) with a total average of 2,66. Lack of Motivation with a total average of 1,78, Physical Discomfort with an average total of 1,53. Based on calculations on employees of the Repair Department, the SWAT percentage of 70% is included in the category of Repair is Necessary.

Abstract

The purpose of this study was to determine the readiness of CV Al-Barokah Jaya, Wonodadi Village, Wonodadi District, Blitar Regency to implement Private Entity Financial Accounting Standards (SAK EP) and explain the obstacles encountered in the process. This research is qualitative research with a descriptive approach and uses primary data. Data were obtained using interviews and documentation and analyzed using the Miles and Huberman models. The results showed that the preparation of financial reports at CV Al-Barokah Jaya did not refer to Financial Accounting Standards. The financial statements consist of an income statement. The readiness of Human Resources, Finance, and Infrastructure shows that CV Al-Barokah Jaya is not ready to implement Private Entity Financial Accounting Standards. CV Al-Barokah Jaya experiences several obstacles in applying the Private Entity Financial Accounting Standards. Constraints from the readiness of human resources, namely a lack of understanding of accounting based on SAK EP, lack of experience in preparing financial reports based on SAK EP, have never attended training either on preparing financial statements or SAK and there is no socialization regarding SAK EP. Constraints from the readiness of the financial aspect, namely the financial statements that are made are only income statements and the preparation has not implemented SAK.

Abstract

The construction of Rongkong Multipurpose Dam located in North Luwu Regency, South Sulawesi aims to provide irrigation water, water supply, and increase electricity production capacity through hydropower with 6 construction sites under consideration. Economic feasibility analysis was carried out to obtain construction sites that have the best economic feasibility objectively. In this analysis, the parameters of Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Benefit-Cost Ratio (BCR) were calculated by considering the reservoir storage capacity in each sites. The result from this analysis shows that Site Tandung 2 is the location that has the best economic feasibility with reservoir capacity of 23,400 million m³ and Benefit- Cost Ratio (BCR) of 2.490.

Abstract

The growing public use of social media presents businesses with marketing opportunities. Businesses can use social media activities or e-WOM, as it is more commonly known to increase their promotional network. This study aimed to determine the effect of Electronic Word of Mouth (e-WOM) on purchase intention for Skintific products. This study employed the information adoption model, which was widely used in earlier e-WOM studies, to analyze the effect of e-WOM. The research method used in this study is quantitative.  The population in this study comprised Skintific product customers or people who knew the Skintific brand. We asked 202 people to fill out a survey on Google Forms that followed specific rules. We used a tool called Smart PLS to analyze the data, called PLS-SEM. We discovered that when people learn about something, they are more likely to want to buy it.

Abstract

An online travel agent is one of the platforms that has evolved throughout this digital era, including Tiket.com. Unfortunately, when the Covid-19 pandemic hit, online travel agents were affected the most. Now it is time for Tiket.com to evaluate its marketing strategies to increase the customers' purchase decisions. This research aims to analyze which strategies among Perceived Trust, E-Service Quality, Online Rating, and Online Review have the biggest influence on customer’s Purchase Decision on Tiket.com. This study is conducted from September to December 2022, using a quantitative method with purposive sampling by distributing an online questionnaire to 50 customers of Tiket.com. The data is analyzed for multiple regression analysis to find the influence of each independent variable on the dependent variable. Results show that E-Service Quality, Online Rating, and Online Review have a positive and significant influence on Purchase Decision while Perceived Trust has a positive but insignificant influence on Purchase Decision. Further, Online Rating is found to have the biggest influence on Purchase Decision. Thus, it is important for Tiket.com to pay attention to its Online Rating and Review, E-service Quality, and Perceived Trust.

Abstract

UMKM often experiences delays in its development, some of the problems that often occur are the difficulty of obtaining financing, being left behind by the pace of technology and the lack of financial literacy. The purpose of this study is to find out whether there is an influence from financial literacy, fintech peer to peer lending and payment gateways on the financial performance of MSMEs in Medan City.This study uses primary data, the primary data in this study were obtained from distributing questionnaires. The total population in this study was 90 thousand business actors. The sampling technique used purposive sampling method. The method used in this research is descriptive quantitative method. This study uses primary data obtained from respondents' answers through interviews and distributing questionnaires. The analytical method in this study uses partial least square structural equation modeling (PLS-SEM) analysis. The results of this study indicate that financial literacy has a positive and significant effect on financial performance, Fintech Peer to Peer Lending has a positive and significant effect on financial performance, and Payment gateway has a positive and significant effect on the financial performance of MSMEs in Medan City implication.

Abstract

The problem faced by companies is the use of debt that has been planned not according to plan, in fact many companies actually use debt excessively. The purpose of this research is to find out whether debt policy affects company value. This research was conducted at manufacturing sector companies listed on the Indonesia Stock Exchange in 2018–2021 with a population of 195 companies, the sample used was 75 companies for four years. Thus, the number of samples used in this study was 300. The variable firm value is proxied by (PBV) while the independent variables in this study are debt policy which is proxied (DER and DER2), investment decisions (KI), profitability (ROE), institutional ownership (INST) and economic conditions (KE). The data analysis method used multiple linear regression with SPSS version 26 software. The results showed that the debt policy variable (DER) had a positive and not significant effect on firm value (PBV), and the non-linear effect of debt policy (DER2) had a positive and not significant effect to firm value (PBV). The investment decision variable (IC) has a positive and significant effect on firm value (PBV). The profitability variable (ROE) has a positive and significant effect on firm value (PBV). The institutional ownership variable (INST) has a positive and insignificant effect on firm value (PBV), and the economic condition variable (KE) has a non positive and insignificant effect on firm value (PBV).

Abstract

This study aims to analyze the effect of brand image, price and product quality on consumer buying interest on Smartfren quota cards in Rantauprapat. The research method used in this research is quantitative. In this study, the population is Smartfren Rantauprapat Quota Card consumers how much is unknown. The research sample using the incidental sampling technique is a sampling technique based on chance, that is, anyone who happens to meet the researcher can be used as a sample, if it is deemed that the person met by chance is suitable as a data source. This study uses a non-probability sampling technique because the population size is unknown, and purposive sampling is used as a sampling technique. Because the number of members of the population is not known with certainty, the sample size is calculated by the Cochran formula with a sample of 96 people. Data collection techniques used were observation, documentation studies and questionnaires. The method of analysis of this research is multiple linear regression with the SPSS program. The results of the study prove that brand image has a positive and significant effect on consumer buying interest on the Smartfren Quota Card in Rantauprapat. Price has a negative and significant effect on Consumer Purchase Interest on Smartfren Quota Cards in Rantauprapat. Product quality has a negative and significant effect on consumer buying interest on Smartfren Quota Cards in Rantauprapat. Brand Image, Price and Product Quality simultaneously have a positive and significant effect on Consumer Purchase Interest on Smartfren Quota Cards in Rantauprapat. The coefficient of determination of 0.375 means that Consumer Purchase Interest can be explained by the variables Brand Image (X1), Price (X2) and Product Quality (X3) of 37.5 %, while the remaining 62.5% can be explained by other variables not examined in this study. this research. 

Abstract

The study of the use of social media in the business world is becoming an increasingly attractive theme for business people and academics because the platform has the potential to increase business success. This study aims to investigate the effect of marketing activities that utilize social media features on interest in buying cosmetic products. This influence is thought to be mediated by the level of customer trust. A structural equation model (SEM) is established to examine the causal connection between the three variables. This model consists of four hypotheses, which will be tested using a sample of 200 quantitative data. The ordinal data was obtained from Wardah respondents who were asked to take part in an online survey by selecting 5 perception scales from 19 question items. After the survey data is declared valid and reliable and meets the Goodness of Fit requirements, the hypothesis is tested using the T-test criteria. The PLS software used to carry out all of these tests informs that all hypotheses are accepted, namely that Social Media Marketing activities have a positive and significant effect on Purchase Intention, both directly and indirectly, namely through Customer Trust. This significant indirect effect means that Social Media has a positive and significant effect on Customer Trust, and Customer Trust has a positive and significant effect on Purchase Intention. In other words, Customer Trust significantly mediates the influence of Social Media on Purchase Intention.

Abstract

This study aims to analyze the effect of transportation infrastructure on economic growth in 33 provinces in Indonesia by using spatial panel data. Spatial panel data combines spatial (spatial) and time (panel) dimensions in its analysis. Spatial panel data can accommodate heterogeneity between provinces and spatial autocorrelation in the model. The model used in this study is the Spatial Durbin Model (SDM), which includes the effect of spatial interaction between the dependent and independent variables and the lag of the independent variable. The study results show that transportation infrastructure, including capital accumulation, labor, length of national roads, ship visits to ports, and airport loading and unloading, positively and significantly affects economic growth in a province and its neighboring provinces through spatial interactions. However, the increase in capital accumulation and the length of national roads in neighboring provinces has a negative and significant effect on economic growth in a province. This research recommends several policies to enhance the development of transportation infrastructure in Indonesia, such as encouraging cooperation between the government and the private sector, increasing the availability and quality of the workforce, and improving the existing transportation infrastructure. Transportation infrastructure development must focus on connectivity, quality, capacity, equity, and inclusiveness between islands and regions to increase collaboration, efficiency, reliability, and prosperity in the regional economy.

Abstract

This study aimed to analyze and determine the effect of world crude oil prices of the WTI type, Exchange Rate, Inflation, Dow Jones Industrial Average Index, and Nikkei 225 Index on the Composite Stock Price Index. The data collection technique in this study uses the Correction Model (ECM) method. The results of this study indicate that the application of the error correction model (ECM) that has been used can provide an explanation of the influence of world crude oil prices, exchange rates, inflation, Dow Jones Industrial Average, and Nikkei 225 Index on the Composite Stock Price Index. Overall in the long-term model the variable world crude oil prices, exchange rates, inflation, dow jones industrial average, and nikkei 225 index has a variation of 0.784464 or 78.44% able to simultaneously or together affect the value of the composite stock price index, while the remaining 21.56% is influenced by variables outside this variable. The short-term model has a negative and significant effect on the composite stock price index, this is indicated by a probability value that is less than the 5% significance value (0.0378 <0.05). Simultaneously the variable world crude oil prices, exchange rates, inflation, dow jones industrial average, and nikkei 225 index has a variation of 0.430077 or 43% where the variation in the development of up or down can jointly affect the value of the composite stock price index, while the remaining 57% is influenced by variables outside this research variable.

Abstract

This study aims to determine the effect of working capital, receivable turnover, and inventory turnover on profitability in property companies listed on OSIRIS for 2017-2021. This type of research used quantitative methods. The data collection method employed the literature study and the documentation methods. The sampling technique was a purposive sampling of 30 companies. The research subjects involved Manufacturing Companies in the Property & Real Estate Sector listed in OSIRIS for the 2017-2021. The study's results indicated an effect of working capital, receivable turnover, and inventory turnover on profitability in property companies listed in OSIRIS year 2017-2021.

Abstract

This study aims to control the cotton combed 30s raw materials inventory in Kamal Convection MSMEs in Central Lombok using the EOQ (Economic Order Quantity) and POQ (Period Order Quantity) methods to minimize the total inventory cost. The EOQ and POQ methods are proposed as suggestions for the most optimal improvement of inventory control. The calculations using the company's method show that the purchased quantity of cotton combed 30s raw material supplies an average of 1.843 kg with a purchase frequency of 12 times a year, and a total inventory cost of Rp. 19.363.400. The proposed EOQ method reveals the quantity of inventory purchased is 3.463 kg with a purchase frequency of 6 times in one year, and the total inventory cost is Rp. 13.157.959. Meanwhile, the proposed POQ method indicates the quantity of inventory purchased is 11.059 kg with a purchase frequency of 2 times in one year, and the total inventory cost is Rp. 23.072.100. Based on the calculation results, the use of the EOQ method is the most optimal purchase of cotton combed 30s raw materials to reduce inventory costs. The difference in total inventory cost between the EOQ method and the proposed POQ method is Rp. 9.914.141. The total inventory cost difference between the EOQ and company methods is Rp. 6.205.441. Based on this analysis, controlling the inventory of raw material for cotton combed 30s at Kamal Convection is relatively ineffective. Based on the results of the calculation analysis using the EOQ method, it is the most optimal method for reducing the cost of supplying raw material for cotton combed 30s at Kamal Konveksi.

Abstract

The construction industry shares about 13,4% of the world output in the business field. Subcontractor selection process will have a major effect on the performance results of a construction project. This study will focus on the subcontractor selection strategy to minimize subcontractor performance problems using the Analytical Hierarchy Process (AHP) method assisted by expert choice software in PT. Hutama Karya Infrastruktur. AHP is widely used in construction management research because its permanent ability to deal with many types of decisions. There are five criteria used as research variables, namely price, administration, resources, performance and quality, and partnership strategy. The results showed that price is not the top priority in choosing subcontractors, but the top priorities are performance and Quality, Health, Safety, Security, and Environment (QHSSE). The main sub-criteria on performance and QHSSE are work method and production capacity, this shows that the way of completion or work method and production capacity of equipment or supporting equipment of subcontractors in working on a project were the main priorities.

Abstract

This paper determines and analyzes related to the strategy for implementing Building Information Modeling (BIM) on the Hamawas Toll Road, the General Civil Division (DSU) of PT Hutama Karya (Persero). The background to this strategy was determined by the inhibiting factors for BIM implementation, such as the quality of human resources (HR), implementation methods, and implementation costs. The analysis was carried out using the Analytic Hierarchy Process (AHP) way, which describes complex problems in a multi-level structure to the last level of the alternatives. Level 1 consists of inhibiting factors for BIM implementation. In contrast, level 2 is a sub-criteria of level 1 which consists of work culture, HR capabilities, BIM system implementation, CDE platform utilization, BIM system operating procedures, BIM software, and hardware costs.. The results of the study show that the best strategy based on level 1 is HR quality with a Consistency Ratio (CR) value of 0.02, level 2 is HR capability with a CR value of 0.02, and the alternative is to make BIM legality with a CR value of 0.02. The CR value is less than 0.1, so the data is valid and can be used.

Abstract

This study aims to predict the value of oil and gas export prices in Indonesia using exponential smoothing. Exponential smoothing was applied because the data analysis revealed that the data consisted of trends and seasonal components. This study uses secondary data obtained from the website of the Central Bureau of Statistics of the Republic of Indonesia, covering the value of oil and gas exports in Indonesia every month from January 2010 to March 2022. The study obtained the exponential smoothing parameters, including ? = 0.5153984, ? = 0.06410119, and g = 0.7137603, with a seasonal length of L = 12. The forecast for the next five periods in millions of US$: April 2022 (1111.765), May 2022 (1250.465), June 2022 (1405.016), July 2022 (1447.510), and August 2022 (1452.984).